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Tidbits, Inflation, Key Reversal, Markets & Rain Days Update 11/15/23


Late yesterday, the U.S. House of Representatives passed by a vote of 336-95 a temporary spending bill that would extend government funding through mid-January, now heads to the Senate, where Democratic and Republican leaders have voiced support. There will not be a government shutdown Friday.


The world’s “doom and gloom” predictors had a very bad day yesterday. Not only did the US Government avert a shutdown, good economic news prevailed.


The USA Consumer Price Index (CPI = measure of inflation at the retail level) was reported yesterday morning to be 0% for October; the market expected an increase of 0.1%. In September, the CPI was +0.4%, so there was a substantial reduction in October.


Lower inflation means less likely to have high interest rates. Lower interest rates make for a stronger economy and more demand for everything.

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